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Break-even Point
The financial state in which total revenues equal total expenses, and there is no profit or loss.
Variable Cost
Costs that vary directly with the level of production or the volume of services provided.
Fixed Expense
Costs that remain unchanged over a specified period despite variations in business activity levels, such as lease payments or salaries for permanent staff.
Break-even
The point at which total costs and total revenues are equal, meaning no profit or loss is incurred.
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